Abia Lawmaker Donates Graders, Empowers 500 with Tools
Hon. Ibe Osonwa, a first-time Abia lawmaker, has distributed two road-grading machines and income-generating items to over 500 constituents to boost agriculture and alleviate poverty.
Category : Business
FG Opens Enugu-Onitsha Expressway, Lists Southeast Road Projects
The Federal Government has opened a completed section of the Enugu-Onitsha expressway. Works Minister David Umahi announced the opening and detailed numerous ongoing and completed road projects across the Southeast region.
Fuel Prices Jump as Crude Oil Crosses $100 Per Barrel
Fuel prices in Nigeria have risen sharply, with petrol reaching N1,242 and diesel N1,901 per litre, driven by global crude oil prices surpassing $100 per barrel, impacting consumers and businesses.
Lagos Rolls Out Solar Home Systems to Cut Grid Reliance
The Lagos State Government announces a phased rollout of solar-powered home systems, allowing residents to pay in instalments for ownership and stable power, addressing grid failures and high energy costs.
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Flutterwave Gets CBN Banking Licence to Rival Major Banks
Flutterwave has obtained a banking licence from Nigeria's Central Bank, transitioning from payments to full financial services and positioning itself to compete directly with established banks like Access and Zenith.
Animashaun Architects Africa's Economic Rewiring Beyond Resources
British-Nigerian engineer Lady Ayobami Animashaun spearheads Africa Beyond Extractives initiative, shifting continent's economy from resource dependency to innovation-led growth through trade and digital infrastructure.
Quacks Threaten Nigeria's Travel Business, Expert Alerts
Mustapha Mohammed, a travel expert, warns that unregistered operators are causing severe financial and emotional damage to legitimate travel agencies in Nigeria, tarnishing NANTA's reputation and calling for stricter regulations.
AFG, Fidelity Bank Partner to Ease Aircraft Leasing in Nigeria
Aircraft Finance Germany (AFG) and Fidelity Bank Plc have formed a strategic partnership to facilitate aircraft leasing and acquisition for Nigerian carriers, aiming to reduce upfront costs and boost fleet expansion.
Embraer Features KC-390 and A-29 at Latin American Airshow
Embraer will debut the KC-390 Millennium with a new livery and display the A-29 Super Tucano at FIDAE in Chile, highlighting advanced military aircraft capabilities and regional commitment.
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Rude Rider Behaviour Causes Low Ratings on Bolt - Survey
A new survey of Bolt drivers in Nigeria shows that 76% cite rider rudeness as the top reason for low ratings, highlighting the impact of behaviour on ride-hailing experiences.
Firm Pushes Integrated Solar as Energy Costs Rise in Nigeria
JMG Limited and engineering stakeholders highlight Nigeria's deepening energy crisis, advocating for integrated solar and sustainable engineering solutions to combat rising diesel and petrol costs.
Nigeria Targets 10% Global Oil Palm Market in 6 Years
The Federal Government has launched a national oil palm development strategy to capture 10% of the global market by 2032, boost production to 10 million metric tonnes by 2050, and lift two million Nigerians out of poverty.
MTN Nigeria Champions Female Leadership, Calls for Action
MTN Nigeria's Women @ Y'ello event commemorated International Women's Day 2026, urging institutions to advance women's rights and inspire girls. Executives emphasized moving beyond symbolism to tangible support for gender balance in leadership.
African Aviation Crisis: 52 Airlines, 1,000 Aircraft Struggle
Aaron Munetsi reveals Africa's aviation sector is in crisis with only 7 of 52 airlines fully operational and just 1 profitable, highlighting a massive gap compared to global markets.
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Oyedele: Africa Must Spend Wisely, Not Just Raise Revenue
Finance Minister Taiwo Oyedele calls for prudent spending and transparency to combat illicit financial flows, stressing that fiscal strength requires effective resource management for Africa's sustainable development.
Mutual Benefits Pays N4.2bn Claims, Strengthens Trust
Mutual Benefits Assurance Plc disbursed N4.2 billion in claims in February 2026, with N2.33 billion for General Insurance and N1.97 billion for Life policies, reinforcing its commitment to policyholders and economic stability.
Aliyu Seeks Urgent Repair of Sokoto Airport Lighting for Hajj
Governor Ahmed Aliyu has appealed to the Federal Ministry of Aviation to urgently address the poor lighting system at Sultan Abubakar III International Airport in Sokoto ahead of the 2026 Hajj airlift operations.
IEA, IMF, World Bank Unite Against Middle East Crisis Impact
The International Energy Agency, IMF, and World Bank have established a coordination group to combat global energy and economic disruptions from the Middle East conflict, as an economist warns of a looming recession.
Nigeria's Oil Revenue Realignment: A Defining Moment
President Tinubu's Executive Order on oil and gas revenue sparks debate, aiming to convert Nigeria's hydrocarbon wealth into infrastructure and economic growth for its youth population.
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Nigeria's Recapitalised Banks to Lift Businesses, Drive $1tr Economy
Nigeria's banking sector has completed a major recapitalisation, raising N4.61 trillion to strengthen financial institutions. This move aims to support business growth and help achieve the Federal Government's $1 trillion GDP target by 2031.
Airline Suspends Staff Over Alleged Mistreatment of Disabled Passenger
United Nigeria Airlines has suspended an employee following allegations of unprofessional conduct involving a passenger with mobility challenges, Doris Akonanya, during check-in for a flight from Abuja to Yenagoa.
Nigeria's Refineries Waste Billions, Produce Nothing
Nigeria's four state-owned refineries have consumed over $3.14 billion in rehabilitation funds but remain non-functional, exacerbating fuel shortages and economic strain. Investigations reveal decay, neglect, and allegations of mismanagement.
Over 95% of Nigerian MSMEs Lack Formal Credit, Edun Reports
Finance Minister Wale Edun reveals less than 5% of Nigeria's MSMEs can access formal credit, citing collateral barriers. He praised CycleFlow Nigeria, a new platform aiming to unlock $25 billion yearly and create jobs.
CBN Launches Committee for Payments System Reforms and Vision
The Central Bank of Nigeria has established the Payment Service Providers Committee to enhance regulation, accelerate reforms, and resolve bottlenecks in the digital payments ecosystem, with a new vision set for launch soon.
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BUA MD to Speak on Real Sector Growth at 2026 Summit
Dr Ayodele Musibau Abioye, MD of BUA Foods Plc, will deliver a keynote speech at the 2026 Industry Summit in Lagos, focusing on innovation and sustainability in Nigeria's real sector.
World Bank Approves $500M Loan for Nigeria's Agriculture
The World Bank has approved a $500 million credit for Nigeria to enhance agricultural productivity and food security through the AGROW project, targeting one million smallholder farmers.
Maritime Revenue Hits N1.83 Trillion, Oyetola Demands Results
Minister Adegboyega Oyetola warns maritime agency heads to deliver tangible results as ministry revenue surges 160% to N1.83 trillion in 2025, driven by reforms and digitalisation.
Terra Cube Wins ADVAN's Brand of the Year Award
Terra Cube has been honored as the Brand of the Year at the 2026 ADVAN Marketing Excellence Awards, marking a pinnacle in its marketing journey from Campaign of the Year in 2023 to this top recognition.
UNA Appoints Adedayo Olawuyi as Chief Commercial Officer
United Nigeria Airlines has appointed Adedayo Olawuyi as its new Chief Commercial Officer, bringing over 18 years of aviation experience from roles at Uganda Airlines and Africa World Airlines.
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NADDC, SON Unveil VehCAP for Vehicle Safety and Standards
The National Automotive Design and Development Council and Standards Organisation of Nigeria have launched the Vehicle Conformity Assessment Programme to enhance vehicle safety, environmental compliance, and quality in Nigeria.
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